Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
PENNSYLVANIA REAL ESTATE INVESTMENT TRUST incurred credit facility of $54 million with Wilmington Savings Fund Society, FSB maturing December 10, 2023.
- Instrument
- credit facility
- Principal
- $54 million
- Counterparty
- Wilmington Savings Fund Society, FSB
- Maturity
- December 10, 2023
- Event
- incurrence
Exact text from the filing
(collectively with the Trust and PREIT Associates, L.P., the “ Borrower ”), Wilmington Savings Fund Society, FSB, as administrative agent, and the lenders that are signatories thereto entered into that certain Second Amendment to Amended and Restated First Lien Credit Agreement (the “ Amendment ”), which amends that certain Amended and Restated First Lien Credit Agreement, dated as of December 10, 2020 (as amended by that certain Agency Resignation, Appointment, Acceptance and Waiver Agreement, dated as of April 13, 2021, that certain First Amendment to the First Lien Credit Agreement, dated as of May 12, 2023 and the Amendment, the “ First Lien Credit Agreement ”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.99
PENNSYLVANIA REAL ESTATE INVESTMENT TRUST amended Second Amendment to Amended and Restated First Lien Credit Agreement with Wilmington Savings Fund Society, FSB valued at $54 million refinancing of Dartmouth Mall indebtedness proceeds from First Lien Revolving Facility (effective 2023-09-27).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wilmington Savings Fund Society, FSB
- Value
- $54 million refinancing of Dartmouth Mall indebtedness proceeds from First Lien Revolving Facility
- Effective
- 2023-09-27
Exact text from the filing
On September 27, 2023, Pennsylvania Real Estate Investment Trust (the “ Trust ”), PREIT Associates, L.P. and PREIT-RUBIN, Inc. (collectively with the Trust and PREIT Associates, L.P., the “ Borrower ”), Wilmington Savings Fund Society, FSB, as administrative agent, and the lenders that are signatories thereto entered into that certain Second Amendment to Amended and Restated First Lien Credit Agreement (the “ Amendment ”), which amends that certain Amended and Restated First Lien Credit Agreement, dated as of December 10, 2020 (as amended by that certain Agency Resignation, Appointment, Acceptance and Waiver Agreement, dated as of April 13, 2021, that certain First Amendment to the First Lien Credit Agreement, dated as of May 12, 2023 and the Amendment, the “ First Lien Credit Agreement ”).
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